Tullow Oil plc has signed a binding heads of terms agreement to sell its non-core Gabon assets to Gabon Oil Company for £300 million in cash net of tax. OPTIMISATION The sale comprises non-operated assets of 10 thousand barrels of oil per day of 2025 production guidance and c.36 million barrels of 2P reserves. Tullow […]
Day: 28 April 2025
Cornwall Resources director retires
Cornwall Resource Ltd’s director and executive director of parent company Strategic Minerals plc, Peter Wale, has retired effective from today. Mr Wale is also leaving the board of Strategic Minerals to focus on his other business interests. “On behalf of the board of directors, I want to thank Peter for his long standing service” said […]
Oriole selects fire assay method for Mbe
Oriole Resources plc said that following a review of assay methods it has elected to use a standard fire assay on samples from its 90% owned Mbe orogenic gold project in Cameroon. DRILLING The company added that comparisons with photon assays found minor differences to fire assays which also have cost savings based on ability […]
Cornish Metals appoints James Whiteside as NED
Cornish Metals Inc has appointed James Whiteside as a non-executive director to the board, effectively immediately. The appointment follows the Canadian company’s approximately £56 million fundraise via a placing of 700m new common shares and retail offer for its South Crofty tin project in the village of Pool near Cambourne. Results of the fundraise gives […]